Docebo Inc. (NASDAQ:DCBO; TSX:DCBO) (“Docebo” or the “Company”),
a leading artificial intelligence (AI)-powered learning suite
provider, announced today the release of its 2021 Environmental,
Social and Governance (ESG) Report, highlighting its initiatives
and best practices to drive sustainable, equitable and prosperous
impacts for Docebo’s various stakeholders.
"We are proud to share our inaugural ESG report, highlighting
the progress we have made in our key ESG focus areas to our
employees, customers and investors,” said Claudio Erba, CEO and
Founder of Docebo. “The publication of our first ESG report is an
important step forward. The decisions we make – about empowering
our people, maintaining integrity, managing our footprint, and
contributing to our communities – are each essential parts of
activating Docebo’s approach to sustainability.“
Our commitment to building solutions that enable engaged,
informed, and effective learners is key to how we work and approach
sustainability at Docebo. To believe in learning is to believe in
continuous improvement. That’s why we have committed to formalizing
our sustainability efforts to include measuring and documenting our
current performance, analyzing where we can improve, and holding
ourselves accountable to our goals. Completing our inaugural ESG
report is a step toward demonstrating our ongoing deep dedication
to achieving meaningful and valuable sustainable business
practices. We are proud to provide this inaugural ESG report as a
new lens through which our stakeholders can learn about our
business and the lasting, beneficial impacts we can create.
Docebo’s ESG report is grounded in three of our six core values,
Accountability, Impact & Togetherness. It outlines key focus
areas consistent within the software industry and how the Company
is aligning its sustainability efforts with its continued pursuit
of superior financial performance. The Company used both the Task
Force on Climate-related Financial Disclosures (TCFD) and the
Sustainability Accounting Standards Board (SASB) as the primary
guides for the development of this report. Docebo supports the
United Nations Sustainable Development Goals (SDGs) and strongly
believes that its initiatives and business activities have the
potential to bring meaningful progress toward their
achievement.
Highlights from Docebo’s 2021 ESG report include:
- Docebo technology is being used by leading not-for-profit,
charitable, and philanthropic organizations to train and educate
their own internal organizations as well as their external
audiences to achieve positive social outcomes. Some of these
organizations include: Amnesty International; EcoVadis; Girls with
Impact; and the UN Global Compact Academy
- Conducted our first formal materiality assessment to ensure our
ESG strategy incorporated input from our key stakeholders
- Launched four resource groups to cultivate Diversity, Equity,
and Inclusion throughout our employee team - Docebo Women’s
Alliance, Docebo Pride, Docebo Green Ambassadors, and BIDOC -
Black, Indigenous, Docebians of Color
- Over the past three years, we have reduced total customer
downtime by 44% and improved service reliability, all while
approximately doubling our total number of customers to 2,805 by
the end of 2021
- A total of 80% of our offices have adopted a Green Energy
Supplier Policy, and 44% of Docebo’s electricity use in 2021 was
derived from renewable sources
To learn more about Docebo’s ESG report and the progress made in
2021, please view the complete report at
https://www.docebo.inc/home/default.aspx
Forward-looking Information
This press release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
information”) within the meaning of applicable securities laws. In
some cases, forward-looking information can be identified by the
use of forward-looking terminology such as “plans”, “targets”,
“expects”, “is expected”, “an opportunity exists”, “budget”,
“scheduled”, “estimates”, “outlook”, “forecasts”, “projection”,
“prospects”, “strategy”, “intends”, “anticipates”, “believes”, or
variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or,
“will”, “occur” or “be achieved”, and similar words or the negative
of these terms and similar terminology. In addition, any statements
that refer to expectations, intentions, projections or other
characterizations of future events or circumstances contain
forward-looking information. Statements containing forward-looking
information are not historical facts but instead represent
management’s expectations, estimates and projections regarding
future events or circumstances.
The forward-looking information in this press release may
include, but is not limited to, statements regarding the Company’s
business; future financial position and business strategy; the
learning management industry; our growth rates and growth
strategies; addressable markets for our solutions; the achievement
of advances in and expansion of our platform; our business plans
and strategies; our competitive position in our industry; and our
ESG commitments, plans, policies, procedures and initiatives. This
forward-looking information is based on our opinions, estimates and
assumptions in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors that we currently believe are appropriate and
reasonable in the circumstances. Despite a careful process to
prepare and review the forward-looking information, there can be no
assurance that the underlying opinions, estimates and assumptions
will prove to be correct.
Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered by the
Company to be appropriate and reasonable as of the date of this
press release, are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information, including but not limited to:
- the Company’s ability to execute its growth strategies;
- the Company’s ability to implement and fulfill any of the ESG
commitments, strategies, plans or initiatives described in this
press release or the ESG report;
- the impact of changing conditions in the global corporate
e-learning market;
- increasing competition in the global corporate e-learning
market in which the Company operates;
- fluctuations in currency exchange rates and volatility in
financial markets;
- the extent of the impact of COVID-19 on our results of
operations and overall financial performance;
- changes in the attitudes, financial condition and demand of our
target market;
- developments and changes in applicable laws and regulations;
and
- such other factors discussed in greater detail under the “Risk
Factors” section of our Annual Information Form dated March 9, 2022
(“AIF”), which is available under our profile on SEDAR at
www.sedar.com.
If any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying the forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in the forward-looking
information. The opinions, estimates or assumptions referred to
above and described in greater detail in the “Summary of Factors
Affecting our Performance” section of our MD&A for the three
months ended March 31, 2022 and in the “Risk Factors” section of
our AIF, should be considered carefully by prospective
investors.
Although we have attempted to identify important risk factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other risk
factors not presently known to us or that we presently believe are
not material that could also cause actual results or future events
to differ materially from those expressed in such forward-looking
information. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. No
forward-looking statement is a guarantee of future results.
Accordingly, you should not place undue reliance on forward-looking
information, which speaks only as of the date made. The
forward-looking information contained in this press release
represents our expectations as of the date specified herein, and
are subject to change after such date. However, we disclaim any
intention or obligation or undertaking to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws.
All of the forward-looking information contained in this press
release is expressly qualified by the foregoing cautionary
statements.
Additional information relating to Docebo, including our AIF,
can be found on SEDAR at www.sedar.com.
About Docebo
Docebo is redefining the way enterprises leverage technology to
create and manage content, deliver training, and understand the
business impact of their learning experiences. With Docebo’s
multi-product learning suite, enterprises around the world are
equipped to tackle any learning challenge and create a true
learning culture within their organization.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220627005450/en/
For further information: Mike McCarthy Vice President -
Investor Relations mike.mccarthy@docebo.com (214) 830-0641
Ronda Morra Global Director, PR & Communications
ronda.morra@docebo.com 781-589-7226
Docebo (NASDAQ:DCBO)
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